Author: WebDesk

Rebeca Moen Jan 25, 2025 16:03 Following the 2024 Bitcoin halving, miners are diversifying into AI and HPC to stabilize revenue streams, leveraging existing infrastructure to meet AI’s growing demand. The 2024 Bitcoin halving has prompted a significant shift among Bitcoin miners, who are now exploring diversification into Artificial Intelligence (AI) and High-Performance Computing (HPC) as a strategy to counteract declining profitability and market volatility. This strategic pivot is leveraging miners’ existing infrastructure to fulfill the rising demand for AI workloads, providing potentially more stable revenue streams compared to traditional Bitcoin mining, according…

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China’s current economic stress condition and liquidity push by the PBoC could propel Bitcoin price to new highs by the month’s end. Analysts highlight BTC’s ongoing re-accumulation phase, projecting a potential rally to $150,000. Over the past week, the Bitcoin (BTC) price has seen some volatility oscillating in the range of $101K to $106K, while bulls eye a potential breakout to fresh all-time high levels of $110K. Market analysts believe that during the Chinese New Year i.e. by January end, the BTC price can rally by another 20%. This coupled with the growing speculation of a strategic Bitcoin Reserve could…

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Entering the year, few cryptocurrencies had as much Ripple (XRP). With the United States expecting massive changes to its cryptocurrency regulation, it was among the top set to benefit. That has propelled XRP to jump 38% over the last month, with many traders questioning if the asset can reach $4 price in January.The company has debuted its optimistic Ripple USD Stablecoin (RLUSD). That expansion saw the firm enter a growing market projected to reach $400 million this year, according to Bitwise. Yet, it should also have massive implications for XRP as its growth trajectory remains undeniable.Source: BitgetAlso Read: U.S. Treasury’s…

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Terrill Dicki Jan 25, 2025 15:48 Tether and Medoo announce a strategic collaboration to launch a Blockchain Academy in Vietnam, aiming to boost blockchain education and adoption in the region. Tether Operations Limited, a leading entity in the digital asset industry, has partnered with Medoo, Vietnam’s decentralized educational ecosystem, to establish a Blockchain Academy in Vietnam. This initiative, announced on January 24, 2025, aims to equip Vietnamese users with crucial blockchain knowledge and skills, essential for thriving in the digital economy, according to Tether. Educational Collaboration and Course Offerings The collaboration promises to…

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Tony Kim Jan 25, 2025 15:32 The BNB Hackathon 2024 Q4 concluded with innovative projects like PayNova, Outrun, and AgentArcade leading the way in Web3 development. Discover the winners and their groundbreaking contributions. The BNB Hack 2024 Q4, labeled the ‘Ultimate Battle of Hacker Heroes,’ recently concluded, showcasing groundbreaking innovations in the Web3 space. According to BNBChain, the event attracted over 200 applications, offering a substantial prize pool exceeding $458,000. This hackathon provided a platform for some of the brightest minds in Web3 development, facilitating the creation of cutting-edge solutions. Top Innovations Unveiled…

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After prolonged struggles near a crucial support level, UNI, the native token of Uniswap, a top-tier decentralized exchange, has failed to maintain that level and is now poised for a price drop. This notable breakdown of support comes as the overall market begins to experience a price decline.Investors Move $5 Million Worth UNI to Exchanges However, given the current market sentiment and the recent support breakdown, investors and long-term holders have been offloading their UNI holdings, according to the on-chain analytics firm Coinglass. Data shows that exchanges have recorded an inflow of $5 million worth of UNI in the past 24…

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Asset managers Grayscale and Coinshares have joined the race to launch a Litecoin (LTC) Spot ETF drawing reactions from the crypto community ranging from excitement to criticism. Litecoin Spot ETF: Crypto Community Weighs In On January 24, Coinshares filed an S-1 registration form with the US Securities and Exchange Commission (SEC) to launch the COINSHARES LITECOIN ETF (the “Trust”),  a spot exchange-traded fund that offers investors exposure to cryptocurrency LTC. Meanwhile, Grayscale also filed a 19b-4 form with the securities regulator to list and trade its Grayscale Litecoin Trust, suggesting potential conversion to a Spot ETF.  In doing so, both…

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James Ding Jan 25, 2025 15:00 The ‘based’ movement is reshaping Ethereum, addressing fragmentation with innovations like based-sequencing. Discover its impact on the Ethereum ecosystem and the future of blockchain technology. The Ethereum network is undergoing a transformative phase known as the ‘based’ movement, which is tackling the longstanding issue of fragmentation within the ecosystem. This innovative approach, particularly through based-sequencing and pre-confirmations, is set to redefine how applications and services operate on Ethereum’s Layer 1, according to the SSV Team. Understanding the Fragmentation Issue Fragmentation emerged as a significant challenge with the…

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With the U.S. welcoming a crypto-friendly President, this DeFi partnership is expected to set the stage for massive Web3 growth globally. DeFi powerhouse QuickSwap recently announced the launch of its V3 decentralized exchange (DEX) on the Soneium Mainnet, an emerging Ethereum Layer 2 solution developed by Sony Block Solutions Labs. The strategic partnership comes at a pivotal moment, aligning with the White House arrival of the U.S.’s first pro-crypto president, who has vowed to support Web3 innovation through deregulation. Following its success on Astar Network, QuickSwap’s move to Soneium seems more than just an expansion—it’s an exemplification of DeFi’s innovative…

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In an alarming event that shook the crypto world, David Balland, a co-founder of the French crypto firm Ledger, was kidnapped on the morning of January 21st. Along with his wife, Balland was taken from their home in central France and held captive at separate locations. During the terrifying ordeal, Balland’s hand was mutilated, and his life hung in the balance. This article explores the details of the kidnapping, the rescue operation, and the aftermath. 1) The Kidnapping of David Balland and His Wife The nightmare began early on the morning of January 21 when David Balland and his wife…

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